Resolution No 16-2024 - Related to Property Conveyance to McCormick Company Lathrop St.

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ARTICLE VI Maintenance, Taxes and Insurance Section 6.1. Maintenance and Modifications aof Project by Lessee. The Lessee agrees that during the Lese Term it will, at its own expense, (i) keep the Project in as reason- ably safe condition as its operations shall permit, and (ii) keep the improvements constituting a part of the Project in good repair and in good operating condition, making from time to time all necessary repairs thereto (including external and structural repairs) and renewals and replacements thereof. The lessee may, also at its own expense, make from time to time any additions, modifications or improvements to the Project which it may deem desirable for its businesspurposes that do not adversely affect the structural integrity of the Building or substantially reduce its value provided that all such additions, modifications and improvements to the Building shall be located wholly within the boundary lines of the Leased Land, except as provided in Section 11.7 hereof. All such additions, modifications and improvements sn made by the Lessee shall become a part of the Project, except for building additions made pursuant to Section 11.7 hereof and except for any personal property, machinery, equipment or furniture installed and paid for by the Lessee which does not become an integral part of the existing machinery and equipment of the Project. Such personal property, machinery, equipment or furniture which has not become part of the Project may be removed by the,Lessee at any time and from time to time provided that any damage to the Project occasioned ty such removal shall be repaired by the Lessee at its own expense. The Lessee will not permit any mechanic's lien, security interest or other encumbrance to remain against the Project, or any part thereof for labor or materials furnished in connection with any additions, modifications, improvements, repairs, renewals or replacements so made by it; provided, that if the Lessee shall first notify the Trustee of its intention so to do, the Lessee may in good faith contest any mechanics' or other liens filed or established against the Project, and in such event may permit the items so contested to remain undischarged and unsatisfied during the period of such contest and any appeal therefrom, unless the Lessor or the Trustee shall notify the Lessee that, in the opinion of 227 VI-1